IT giant CSC has been slapped with a $190m (£122m) penalty by US regulator the Securities and Exchange Commission following a probe into the firm's accounting practices.
The investigation was opened in 2011, mainly into the firm's European outsourcing unit - including revenue from its troubled NHS contract negotiations between …

CSC's troubled billion-pound NHS contracts finally appear to be turning around, chief executive Mike Lawrie revealed in a conference call.
However, it is unlikely the firm will ever recoup its money from the defunct systems, which have cost the company close to £2bn.
In a conference call for CSC's second quarter earnings Mike …

Revenue at CSC fell by 3.4 per cent to $3.08bn for the firm's second quarter as "transformation efforts" took hold at the IT giant.
Meanwhile, operating income fell 3.3 per cent compared to the same period last year – to $340m. Half-year net income fell by $112m to $307m, compared with the first six months of 2013.
Sales were …

Re-arranging the UK deck chairs on good ship CSC is the strategy the integrator has chosen after shelving plans to make further redundancies, according to numerous sources.
The US-owned business does not generally shy away from making redundancies, axing 750 people from its Brit operation in late April and parting company with …

US titan CSC – you remember, the firm that botched the £10.1bn National Programme for IT – is bleeding out slowly, with revenues dwindling and income growth stalling.
The bad news for investors and staff respectively is that things are not forecast to get better any time during this fiscal year, and the company is again …

Gardening leave is almost over for former CSC UK bigwig Liz Benison, who is set to rock up at Serco to run its Brit and European local and regional government division from the start of next month.
As revealed by The Channel back in April, Benison was replaced at the CSC helm by ex-Cognizant veep Dr Sanjiv Gossain, at the same …

On the day stumbling US giant CSC named the latest person to sit in its UK hot seat, it also told 750 of its workers in Blighty they are at risk of redundancy, The Channel can reveal.
The mega-integrator, which presided over a good chunk of the bungled £10.1bn NHS National Programme for IT, confirmed former Cognizant senior veep …

Computer Science Corporation (CSC) workers heading for the chopping block in Britain have been asked to train their replacements in India and the Czech Republic.
Some 750 staff in the UK have been threatened with redundancy under the IT giant's global workforce shakeup, and roughly 200 roles will be moved offshore.
CSC - …

The worst thing about the cloud for users tends to be the built-in policy tools that are either very expensive or too broad in scope to fit the peculiarities of any one organization.
So providers of private and public clouds have been busily buying up firms that make it easier to layer a specific set of rules and allocations …

In an announcement so garbled that our Big Data Translator had to be coated in Hadoop-based lubricant to spew out some sense, analytics company Infochimps has been acquired by outsourcer-extraordinaire CSC.
The data-analytics company announced it had been acquired on Tuesday alongside CSC's earnings, during which CSC reported a …

Three top Microsoft shareholders have apparently recommended the CEOs of car-maker Ford and IT giant CSC as possible replacements for chief exec Steve Ballmer - because both bosses are in the middle of trying to turn around their companies' fortunes.
It's claimed the three investors want the Microsoft board to consider Ford …

Cash strapped CSC is scrapping the Recognising Excellence (RE) award for its top workers as it looks towards another year of austerity.
The RE was based on a token system which awarded successful contenders £25, £50 or as much as £100 - those lucky staffers - which could be traded in for M&S, John Lewis and other store vouchers …

CSC and the UK government have reached a truce over the company's central patient database cock-up: both sides have agreed to a more flexible contract until 2016 and to shelve any potential litigation.
The corporation and the Department of Health (DoH) have been at the negotiating table for months now over the bungled delivery …

Transport for London (TfL) has extended its outsourcing agreement with CSC.
The extension, worth $33m, adds 27 months to the length of the original contract.
Under the agreement, CSC will continue to provide TfL with IT services such as service desk, desktop support and delivery of real-time customer information at a number of …

CSC has finally confirmed it is pulling its GP support products from the primary care market.
The company is dropping its iSoft products, including Synergy, Premiere and Ganymede, after they run through their existing contracts. CSC will support the gear until the end of October next year for practices in England and Northern …

The CEO at lumbering integrator CSC says its turnaround strategy is ahead of schedule despite a sales blemish on an otherwise improved set of fiscal Q2 numbers.
Revenues for the three months ended 28 September dipped 2.8 per cent year-on-year to $3.85bn (£2.41bn) with declines posted across its three operating units.
The sales …

Computer Sciences Corporation (CSC), which bungled building a central patient database for the NHS, suffered a 78 per cent drop in profits year-on-year in its last quarter.
CSC reported a net income of $42m for Q1 of fiscal year 2013 [PDF], down from $185m banked in the same period last year. Revenue stayed roughly the same as …

CSC has binned about 100 workers involved in the disastrous National Programme for IT in the first wave of planned redundancies – with another 200 heads leaving voluntarily, company insiders have claimed.
Altogether 500 techies – 30 per cent of those working on the botched NHS system – were put at risk of redundancy back in …

Outsourcing biz CSC has allowed rivals to advertise job vacancies on its intranet as hundreds of workers face redundancy.
In February the integrator wrote off nearly $1.5bn in the fallout of the NHS IT fiasco and threatened to axe 500 techies working on its project to provide electronic patient records. A 90-day consultation …

CSC UK has concluded the 90-day consultation period for workers at risk of redundancy with roughly two thirds of staffers heading for the door voluntarily, insiders claim.
Sources reckon that of 640 peeps CSC included in the cost-cutting programme back in February, 330 are leaving the firm and about 220 of those are willingly …

HP has lost the contract to supply pay, HR and pensions administration to the Service Personnel and Veterans Agency (SPVA) for the UK armed forces.
"HP will work to ensure a seamless transition of activities to the successful bidder, ensuring no loss of service to the thousands of people who depend on the service," HP said in a …

The European Commission has cleared CSC's takeover of iSoft - the key NHS supplier.
Aussie health provider iSoft has had a chequered past - it was bailed out with £82m of taxpayer cash, removed a co-founder, and is still going through a Financial Services Authority probe which led to four former directors facing criminal charges …

The Department of Health has said it has reached the closing stages of negotiations with CSC, one of the two local service providers to the NHS National Programme for IT, over a new memorandum of understanding covering its future work for the health service.
The deal looks set to cut CSC's income from the NHS. The firm has …

Prime Minister David Cameron said yesterday CSC had been suspended from new NHS contracts while the future of the £4.7bn patient record programme is assessed.
Tory MP for Norfolk Richard Bacon said the NHS IT programme "will never deliver on its early promise, that in particular CSC has failed with Lorenzo and that, rather than …

CSC staff in the US have been forced to take a compulsory, temporary pay cut, and now staff in Europe are being told they must take five days leave before 1 April to help the company hit its targets for the financial quarter.
In an internal email – seen by the Register – Andy Williams, CSC's president and CEO, wrote: "We are …

CSC Denmark is facing angry union action over the company's use of temporary Indian workers paid a fraction of normal Danish wages.
CSC has had to warn customers of a possible lockout of union workers - about a third of its staff are Prosa members. Some 120 CSC staff have returned building passes and laptops to the company while …

Thousands of workers at IT services firm CSC have been given a temporary pay cut and asked to cash in their holidays, as customers hold back on spending.
Approximately 6,800 employees at CSC's Americas' Outsourcing group were told by email on January 18 that their pay is being reduced as a "temporary measure" thanks to " …

Tech giants Oracle, Xerox, Dell, CSC and Symantec paid no corporate tax in the UK last year despite pocketing nearly £500m from public-sector IT contracts, it was claimed last night.
According to a study undertaken by Charlie Elphicke, Conservative MP for Dover, the five US behemoths banked taxpayers' cash and had a combined UK …

CSC will freeze pay for all UK staff this year in a bid to survive the recession, managers have been told.
It's the latest in a series of cost-cutting measures for the outsourcing firm, which have included compulsory unpaid leave, Christmas bonuses being replaced with a mince pie and extensive job cuts. Pay was also frozen in …

CSC UK has followed rivals IBM and Fujitsu Services in shutting down its final salary pension scheme, claiming it would jeopardise the future of the business to continue the benefit.
In an company-wide email, operations chief Kevin Brown said the scheme will close on 1 April next year. The move is the latest in a series of cost- …

Whitehall mandarins have wasted more than £100m on failed or cancelled IT projects in the last 12 months.
That’s according to the Taxpayers’ Alliance, which has collated losses across all departments for 2013 – 2014.
The Alliance uncovered £107m lost as projects were scrapped, gains weren’t realized or unnecessary costs were …

Oracle is becoming a British banking back end, with its data centres about to start holding the money and details of some of the UK’s wealthiest citizens.
Hampden & Co, due to launch in the first quarter of 2015, has picked Oracle’s Flexcube as its core banking platform, the database giant said Tuesday.
Unlike other Flexcube …

The worshipers of Gartner's famed Magic Quadrant have shuffled forth from their back-office tomb clutching jeweled calculators and have proclaimed Amazon the One True Cloud, although they added that it now faces strong competition.
The workers of the analyst firm announced Amazon's dominance in a new "Magic Quadrant for Cloud …

Hitachi Data Systems (HDS) has come up with a new way to keep selling hardware in the cloud age, by creating a compute-as-a-service service that will live in Equinix's 32-nation-strong bit barn network.
HDS is most often characterised as a storage vendor and has offered storage-as-a-service for some years. The company also re- …

MPs doubt that the Health Secretary's plans to make the NHS paperless by 2018 will be on time and budget, based on Whitehall's shambolic handling of the abandoned electronic health care record system.
The widely derided National Programme for IT (NPfIT) was first signed off by ministers in 2002 under the previous Labour …

iSoft said today it has started legal action over CSC's refusal to consent to its takeover by Aussie health provider IBA Health.
CSC, as the main contractor installing iSoft's products, had the right to object to management changes at iSoft, but iSoft believes its objections are unreasonable.
The company said CSC agreed in …

CSC is no longer blocking the takeover of iSoft by Aussie firm IBA Health.
CSC is the main contractor using iSoft's products and therefore had a right to object to management changes. iSoft is struggling with an investigation into alleged accountancy problems, which was making its financial backers nervous. The takeover by IBA …

Outsourcing firm CSC has joined other IT giants by ordering staff to take extra holiday over Christmas in a bid to cut costs.
Managers in CSC's Global Outsourcing Services (GOS) division have been told to identify critical areas that need to be staffed by a skeleton crew during the festive period, according to an internal email …

Yet more redundancies are on the way at CSC UK, managers learned on Monday.
The outsourcing firm announced it would be making more compulsory cutbacks in a conference call. Senior bosses refused to confirm how many would be for the chop, saying they had not yet decided. Global execs said in a statement that the knife would fall …

CSC is shifting more UK jobs offshore in an effort to control costs.
The latest round of redundancies will hit the Global Infrastructure Services (GIS) department. Initially, voluntary redundancies will be offered but compulsory job losses are likely if not enough volunteers are found.
The company hopes to have the process …

Cornwall Council has stalled a £300m ten-year deal to outsource its call centres and other IT systems to the private sector.
The county's councillors voted 93-0, with seven abstentions, to put the brakes on the contract, snubbing BT and CSC which had each put in bids for the huge cash pot. The move came after 6,000 people signed …

CSC insists its blocking of the takeover of key health provider iSoft is in the best interests of the "successful delivery of the NHS National Programme for IT".
The company says it carried out due diligence on the impact of IBA's takeover of iSoft on the National Programme for IT (NPfIT) and decided to vote against the plan. …

Outsourcing firm CSC has sprinkled a little bit of Christmas cheer on its thinning UK workforce by sending a mince pie to each of its employees.
A source told The Register that "CSC has really gone overboard with a xmas bonus scheme this year".
The company, which in recent months has slashed hundreds of jobs, told its staff …

iSoft and IBA Health, the Aussie firm which has offered to bail out iSoft, have issued a joint statement suggesting they may take legal action against CSC's blocking of the deal.
The rescue bid was approved by iSoft's board of directors in mid-May and offered both a takeover and refinancing package. But earlier this week CSC …

Richard Granger, the director general of NHS IT, is warning iSoft and CSC that if they don't sort out their differences he will consider ripping up contracts and finding alternative suppliers.
Regardless of how possible this would be, the comments will increase pressure on the two to get talks settled quickly.
iSoft has put …

Up to 300 UK staff at outsourcing colossus CSC face the sack on Monday, as the firm ramps up a programme of brutal cutbacks.
Sources say compulsory redundancy notices, part of a company-wide restructuring, will be handed out across Regional and Global Operations, Global Solutions & Technology, Global Security Services, and …

US retailer Sears Roebuck has pulled out of ten-year IT services agreement with CSC claiming the company is in breach of its contract.
In a filing with the SEC, Sears said it was ending its contract with CSC “due to CSC's failure to perform certain of its obligations”. The contract was signed in June 2004 and gave CSC …

The battle between Amazon Web Services, Google and Microsoft for the public cloud gets a lot of attention, but global managed services provider Dimension Data has thrown its hat into an adjacent ring with a new hybrid Windows Server cloud.
DiData's service uses Microsoft's Cloud Platform and Hyper-V everywhere, which means a …

Defence contractor Lockheed Martin is pulling out of discussions which could have led to it buying Computer Science Corporation (CSC).
The defence supplier was leading a posse of private investors including Blackstone Group, Texas Pacific Group and Warbug Pincus. The original claim was that Lockheed would pick up the government …